Warp In

Room 1

First Wave

9x Cruisers (8x Blackbird class, 1x Moa class)Either the Moa or the last ship is the trigger for the second wave.The Moa has been observed to not spawn.

Note on trigger: When you first warp in, if there is no Moa, the trigger will be one of the two ships that are a different type from the rest. Usually it is the two that are the first to aggro.

Subsequent Waves

There are at least 3 subsequent waves, but they vary in composition and order. Consider the following as examples of what you might encounter.

Example Spawn 1

2x Elite Cruisers (Rook class) - heavy jamming
5x Cruisers (Caracal class)
The recon ships jam, a lot. The last Caracal triggers the third wave.Tip: kill the recon ships before triggering the third wave, or, if you use a t1 cruiser like I did, you may need to call for help.

Example Spawn 2

2x HAC's (Cerberus class)
5x Battle Cruisers (Ferox class)The last BC or the last ship triggers the next wave.

Example Spawn 3

5x Battle Cruisers (Ferox class)

Loot

Loot = ~6,600,000 isk
Salvage = ~2,000,000 isk

Total = 8,600,000 isk

Tips

Use two Sensor Boosters with ECCM scripts to reduce chances of being jamed. (Only if needed, sometimes jammers never spawn.)
Kill the Recon Ships (Jammers) before triggering the third wave.

Blitz

Destroy ships in first wave (Blackbirds only, not the Moa) and destroy the repair outpost.
If second wave is triggered, continue to focus on Blackbirds until mission complete.